Hello,
@DanaB27 I am going to make the non-deductible traditional IRA contribution prior to April 18 and do the backdoor Roth IRA conversion. When I tried entering the nondeductible contribution to the traditional IRA following the steps you listed, I did not see the step 11 “Choose Not to Deduct IRA Contributions” in my Home & Business version. Did I miss something? Turbo tax currently shows my contribution is not permitted and I need to pay 6% penalty for making excess contribution. Can you please advise how to fix it?
Also, if I am going to rollover all traditional IRA to solo 401K prior to do the conversion, can I enter 0 for the basis in step 10?
Thanks a lot for your help!
